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MidCap Financial Provides $270MM Tranche A Revolving Credit Facility to Revlon Consumer Products

June 01, 2021, 08:13 AM
Filed Under: Consumer Products

MidCap Financial entered into a successor agent appointment and agency transfer agreement pursuant to which MidCap Financial replaced Citibank as the collateral agent and administrative agent for the Amended 2016 Revolving Credit Agreement of Revlon Consumer Products Corporation (“Revlon”), a leading global beauty company.

Concurrently, Revlon and MidCap Financial entered into an amendment which, among other things, enhanced Revlon’s liquidity, provided additional operating flexibility, and extended the maturity date. The $270 million “Tranche A” Revolving Credit Facility is provided by MidCap Financial and Apollo affiliates as Tranche A Revolving Lenders.

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